Applied Materials, Inc. (NASDAQ:AMAT) saw a large increase in short interest in July. As of July 14th, there was short interest totalling 16,240,415 shares, an increase of 26.2% from the June 30th total of 12,866,458 shares. Based on an average daily trading volume, of 10,172,004 shares, the days-to-cover ratio is presently 1.6 days. Currently, 1.5% of the company’s stock are short sold.

Applied Materials (NASDAQ AMAT) opened at 47.45 on Thursday. The company has a market capitalization of $50.99 billion, a P/E ratio of 19.62 and a beta of 1.81. The stock’s 50 day moving average is $44.51 and its 200-day moving average is $40.18. Applied Materials has a 12-month low of $25.68 and a 12-month high of $47.86.

Applied Materials (NASDAQ:AMAT) last released its quarterly earnings results on Thursday, May 18th. The manufacturing equipment provider reported $0.79 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.03. Applied Materials had a net margin of 20.41% and a return on equity of 38.28%. The business had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.54 billion. During the same period in the prior year, the company posted $0.34 earnings per share. Applied Materials’s revenue was up 44.7% compared to the same quarter last year. On average, equities analysts predict that Applied Materials will post $3.11 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Thursday, August 24th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, August 22nd. This represents a $0.40 annualized dividend and a dividend yield of 0.84%. Applied Materials’s dividend payout ratio (DPR) is presently 16.46%.

A number of equities research analysts have issued reports on the stock. Bank of America Corporation reiterated a “buy” rating and issued a $65.00 target price (up previously from $58.00) on shares of Applied Materials in a research report on Sunday, June 11th. Vetr upgraded shares of Applied Materials from a “buy” rating to a “strong-buy” rating and set a $46.48 target price for the company in a research report on Thursday, June 29th. B. Riley restated a “buy” rating and set a $56.00 price target on shares of Applied Materials in a research note on Saturday, May 20th. Cowen and Company increased their price target on shares of Applied Materials from $45.00 to $50.00 and gave the stock an “outperform” rating in a research note on Friday, May 19th. Finally, Royal Bank Of Canada restated a “hold” rating and set a $35.00 price target on shares of Applied Materials in a research note on Tuesday, April 25th. Four research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $46.62.

Several institutional investors have recently added to or reduced their stakes in the stock. Reilly Financial Advisors LLC increased its position in Applied Materials by 78.0% in the first quarter. Reilly Financial Advisors LLC now owns 2,692 shares of the manufacturing equipment provider’s stock valued at $105,000 after buying an additional 1,180 shares during the period. Pinnacle Bank acquired a new position in Applied Materials during the first quarter valued at approximately $113,000. State of Alaska Department of Revenue acquired a new position in Applied Materials during the first quarter valued at approximately $114,000. James Investment Research Inc. increased its position in Applied Materials by 90.6% in the first quarter. James Investment Research Inc. now owns 3,050 shares of the manufacturing equipment provider’s stock valued at $119,000 after buying an additional 1,450 shares during the period. Finally, Clean Yield Group acquired a new position in Applied Materials during the first quarter valued at approximately $124,000. Institutional investors and hedge funds own 80.18% of the company’s stock.

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Applied Materials Company Profile

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